Latest Reporting/compliance News: Finextra Research

Swift to move into compliance space with KYC Registry

Financial messaging network Swift has announced the creation of a global Know Your Customer (KYC) Registry to help banks to manage compliance challenges and reduce the high costs associated with implementing anti-money laundering regulations.

07 January 2014

News/Reporting/compliance

Barclays fined $3.75m for electronic record keeping failures

US regulator Finra has slapped Barclays Capital with a $3.75 million fine for a decade-long failure to properly preserve electronic records, e-mails and instant messages.

02 January 2014

News/Reporting/compliance

Investors express alarm over caps on dark pool trading

EU proposals to impose volume caps on transactions executed over dark pool trading venues are meeting stiff resistance from investors, according to research from Tabb Group.

28 November 2013

News/Reporting/compliance

Live Blog: Swift Nordics Regional Conference 2013

Compliance and beyond: navigating challenges and exploring opportunities in the Nordic financial landscape

21 November 2013

News/Reporting/compliance

DTCC opens Singapore trade repository

The Depository Trust & Clearing Corporation (DTCC) has received approval from the Monetary Authority of Singapore (MAS) to operate a global trade repository (GTR) for OTC reporting and has begun processing its first trades.

06 November 2013

News/Reporting/compliance

SEC proposes new crowdfunding rules; FCA begins consultation

The Securities and Exchange Commission (SEC) has proposed new rules that would allow companies to sell shares through crowdfunding sites.

24 October 2013

News/Reporting/compliance

Lombard blames regulatory delays for H1 revenue fall

Lombard Risk Management swung to a half year loss on lower revenues, thanks in part to delays to new European reporting regulations.

15 October 2013

News/Reporting/compliance

UK regulator to crack down on payday lenders

British payday lenders will face limits on how many times they can try to take money out of borrowers' bank accounts, under new Financial Conduct Authority (FCA) rules.

03 October 2013

News/Reporting/compliance

Swift bids to carve out space in regulatory compliance

Financial messaging network Swift is looking to extend its remit to the emerging regulatory landscape, pitching its shared market infrastructure as a cost-effective means for financial institutions to ease the compliance burden.

17 September 2013

News/Reporting/compliance

FCA slaps £5.6 million fine on RBS for transaction reporting failures

The Royal Bank of Scotland (RBS) has been fined £5.6 million by the Financial Conduct Authority (FCA) for incorrectly reporting transactions in wholesale markets, and in some instances, failing to report transactions at all.

24 July 2013

News/Reporting/compliance

Finra carries out social media spot checks

The Financial Industry Regulatory Authority (Finra) has begun carrying out spot checks on how brokerage firms use sites like Twitter, Facebook and LinkedIn.

21 June 2013

News/Reporting/compliance

Aussie watchdog relaxes plans to constrain dark pools and HFT

The Australian securities market regulator Asic has shelved plans to introduce tougher rules on high frequency trading and dark pools following a dip in fleeting small orders by HFT traders and lower activity in dark markets.

20 June 2013

News/Reporting/compliance

Icap invests in portfolio reporting and data analytics firm EFM

Interdealer broker Icap has made a strategic investment in Enso Financial Management (EFM), an early-stage provider of portfolio reporting and data analytics services to hedge funds and asset managers.

20 June 2013

News/Reporting/compliance

Singapore turns to Thomson Reuters for currency benchmark calculations

Singapore is to use actual transactional data from Thomson Reuters to calculate benchmark currency rates in the wake of a rate-rigging scandal involving up to 133 traders from 20 banks on the island state.

18 June 2013

News/Reporting/compliance

MiFID II reforms to limit dark pool trading

EU member states have agreed a series of reforms to the markets in Financial Instruments Directive (MiFID II) aimed at enhancing transparency levels and limiting the growth of dark pool trading.

17 June 2013

News/Reporting/compliance

Was the London Whale a rogue trader?

Speaking at Finextra's 'Holistic surveillance and the fight to prevent rogue traders' webcast, industry veterans David Clark and Simon Wheatley, along with Shaun Mathieson, senior consultant, global banking & markets, SAS debate whether the ongoing saga of JP Morgan's so-called London Whale trader constituted a rogue trader incident.

06 June 2013

News/Reporting/compliance

Regulatory incoherence could stifle development of NFC - Acma

Australia's communications and media watchdog is warning that regulatory incoherence could stunt the growth of NFC-based mobile payments in the country.

06 June 2013

News/Reporting/compliance

Buy side spending on execution and order management systems rising year-on-year

Institutional investors spend between $1.5 billion and $2 billion per year on order management and execution management systems for their trading desks - a growing amount due to increased demands for compliance tools and the need to keep pace with rapid changes in market structure.

20 May 2013

News/Reporting/compliance

AMF issues RFI for central securities data repository

The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec's financial sector, has issued a Request for Information (RFI) for potential suppliers to tender for the creation of a new Market Analysis Platform (MAP).

16 May 2013

News/Reporting/compliance

Visa to cut cross-border credit card fees in EU

Visa Europe has pledged to significantly cut its interbank fees for cross-border credit card payments and reform its rules following an anti-trust investigation by the European Commission.

14 May 2013